Farm hub in Zambia's Northern Province growing seed potatoes and other crops on irrigated land.
AgDevCo’s initial investment was used to establish irrigation over 250 ha, secure power and purchase farm equipment, sheds, cold stores and machinery. Crops are now protected against drought conditions and potatoes can be grown in the winter, when the risk of disease is at its lowest, stored in climate-controlled warehouses and distributed to farmers the following year. In 2017, based on the highly positive reviews of the 2016 crop (Saise seed being preferred by most commercial farmers to imports) and higher than expected customer interest in the 2017 crop, AgDevCo approved a follow-on investment for additional cold stores. Katito Farms has been contracted to grow on behalf of Saise Farm.
|Investment||Total invested||Investment type||Start date|
|Goldenlay||-||Debt / Equity||2019|
|Ilobezi Limited||$1,200,000||Debt / Equity||2016|
|Katito Farming Enterprises Ltd||$9,200,000||Debt / Equity||2017|
|Saise Farming Enterprises Ltd (SFEL)||$5,715,000||Debt / Equity||2016|